Private exporters reported that China bought 620,000 metric tons of 2014/2015 U.S. soybeans, USDA said on Monday.
China is the leading buyer of U.S. soybeans and USDA's weekly export report showed that as of Sept. 4 it had bought nearly 13.34 million metric tons of the 2014/2015 crop. A year ago at that time it had bought 14.9 million metric tons.
The marketing year for corn and soybeans began Sept. 1.
USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period.
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